SEC Pays Informants $1 Million in Insider-Trading Case
Exploiting a rule that allows the SEC to give money to sources in insider trading cases, the agency has award $1 million to a source in a case involving Pequot Capital Management.
Pequot Capital Management
Pequot Settles Insider Trading Charges
Pequot Capital and its CEO, Arthur J. Samberg, were charged by the SEC with insider trading and agreed to pay nearly $28 million to settle the case. A separate action against a former Microsoft employee who allegedly tipped off the firm is still pending.
